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Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
Enactment Number: CRA-R-20-0014
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
File Number: 7929 File Type: OMNI CRA Status: ADOPTED
Resolution
Revision: Controlling Body: OMNI Community
Redevelopment Agency
File Name: Wynwood Haus Economic Incentive Agreement Introduced: 9/21/2020
Requesting Dept: OMNI Community Redevelopment Agency Final Action Date: 9/24/2020
Title: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE CRA TO REBATE TO WYNWOOD HAUS, LLC ("GRANTEE") THE
TAX INCREMENT FINANCE ("TIF") REVENUES GENERATED BY THE
DEVELOPMENT OF THE GRANTEE'S PROJECT IN AN AMOUNT NOT TO EXCEED
95% OF THE TIF COLLECTED FROM THE PROPERTY ANNUALLY UNTIL 2030, OR
UNTIL 2047 IF THE LIFE OF THE CRA IS EXTENDED TO 2047, FOR A TOTAL
AMOUNT NOT TO EXCEED $12,935,674.61; AUTHORIZING THE TIF PAYMENTS TO
BEGIN UPON SUBSTANTIAL COMPLETION OF THE PROJECT AND THE RECEIPT
OF A CERTIFICATE OF OCCUPANCY OR TEMPORARY CERTIFICATE OF
OCCUPANCY, SUBJECT TO THE RENTS BEING RESTRICTED UNTIL 2047;
FURTHER AUTHORIZING THE CRA TO COLLECT THREE PERCENT (3%) OF
RETAIL GROSS RENT PROCEEDS THAT THE GRANTEE COLLECTS FROM THE
PROPERTY'S GROUND FLOOR RETAIL DURING THE INITIAL 15 YEAR PERIOD
AFTER SUBSTANTIAL COMPLETION OF THE DEVELOPMENT; FURTHER
AUTHORIZING THE EXECUTIVE DIRECTOR TO FURTHER NEGOTIATE AND
EXECUTE ANY AND ALL DOCUMENTS NECESSARY FOR SAID PURPOSE, ALL IN
FORMS ACCEPTABLE TO GENERAL COUNSEL, FOR A MIXED -USE
DEVELOPMENT OF PROPERTIES LOCATED AT 01-3136-003-0140, 01-3136-003-
0150, 01-3136-003-0160, 01-3136-003-0170, 01-3136-003-0180, AND 01-3136-003-
0190, ALL LOCATED IN THE CRA REDEVELOPMENT AREA.
Notes:
Links:
Attachments: 7929 Wynwood Haus-Cover Letter and Final CRA Proposal (PDF)
History of Legislative File:
Revision: Acting Body: Date: Action: Result:
Isiaa Jones 9/21/2020 Chief Legal Officer Review Completed
Barnaby L. Min 9/22/2020 Deputy City Attorney Review Completed
Barnaby L. Min 9/22/2020 Approved Form and Completed
Correctness
OMNI Community 9/24/2020 Meeting Completed
Redevelopment Agency
OMNI Community 9/24/2020 ADOPTED Passed
Redevelopment Agency
City of Miami Page 1 of 2 Printed on: 9/5/2025
Omni
CRA
OMNI
Community Redevelopment Agency
Master Report
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
http://miamicra.com
Enactment Number: CRA-R-20-0014
City Clerk's Office 9/24/2020 Rendered Completed
City of Miami Page 2 of 2 Printed on: 9/5/2025